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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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CAROLINA BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CAROLINA BANK |
| Address | PO BOX 1028
DARLINGTON, SC 29540 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 240 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,682,000 |
| Average Mortgage Loan Amount Applied For | $188,529 |
| Highest Mortgage Loan Amount Applied For | $1,320,000 |
| Average Applicant Income | $126,882 |
| Highest Applicant Income | $1,448,000 |
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| Home Improvement |
21 | $339,000 |
$16,000 | $50,000 |
$57,000 | $235,000 |
| Home Purchase |
139 | $16,677,000 |
$119,000 | $1,320,000 |
$79,000 | $1,448,000 |
| Refinancing |
80 | $9,666,000 |
$120,000 | $1,250,000 |
$76,000 | $320,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
30 | $1,640,000 |
$54,000 | $175,000 |
$48,000 | $199,000 |
| Hispanic |
1 | $29,000 |
$29,000 | $29,000 |
$17,000 | $17,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $900,000 |
$100,000 | $300,000 |
$0 | $0 |
| Not Provided |
1 | $36,000 |
$36,000 | $36,000 |
$22,000 | $22,000 |
| White |
199 | $24,077,000 |
$120,000 | $1,320,000 |
$85,000 | $1,448,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
239 | $26,467,000 |
$110,000 | $1,320,000 |
$76,000 | $1,448,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $215,000 |
$215,000 | $215,000 |
$137,000 | $137,000 |
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| Application Approved But Not Accepted |
1 | $40,000 |
$40,000 | $40,000 |
$77,000 | $77,000 |
| Application Denied By Financial Institution |
25 | $1,917,000 |
$76,000 | $266,000 |
$47,000 | $199,000 |
| Application Withdrawn By Applicant |
30 | $4,100,000 |
$136,000 | $417,000 |
$63,000 | $174,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
184 | $20,625,000 |
$112,000 | $1,320,000 |
$82,000 | $1,448,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $175,000 |
$175,000 | $175,000 |
$77,000 | $77,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $686,000 |
$57,000 | $124,000 |
$37,000 | $74,000 |
| Debt-To-Income Ratio |
6 | $796,000 |
$132,000 | $266,000 |
$61,000 | $199,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $39,000 |
$39,000 | $39,000 |
$56,000 | $56,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $118,000 |
$59,000 | $60,000 |
$77,000 | $126,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CAROLINA BANK by:
Metropolitan Area And
County
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